Examples of Call Option Agreements in a sentence
A summary of the material terms of the Exclusive Call Option Agreements has been set out in the section headed “Structured Contracts” in the Prospectus.
The exercise of the three call options will allow the Company to develop 161 units with an aggregate floor space of approximately 21,500 m2.During 2019, the Company exercised the first and second call option under the Call Option Agreements for the total price of PLN 69 million as a result of which the Company (via its subsidiary) acquired shares in companies holding seven substages of Nova Królikarnia project.
Under the terms of the Call Option Agreements, the Management Directors may elect to pay the exercise price in full or to pay 10% of the exercise price at the time of exercise of the option.
In addition, as at 10 April 2018 following the Nova Transaction and the Nova Call Option Agreements, the Group has a pipeline of 18 units with an aggregate floor space of approximately 3,400 m2 (the Nova Transaction) and 161 units with an aggregate floor space of approximately 21,500 m2 (the Call Option Agreements).
The loans may be repaid only by transferring all of the Shareholders’ equity interests in the PTPI to the Company or their respective designee upon exercise of the option under the Call Option Agreements.